Bitcoin options worth $2B set to expire today

Bitcoin options with a notional value of $2.03 billion are set to expire at 8:00 a.m. UTC on May 15, according to data from crypto options exchange Deribit. The put/call ratio for this batch is 0.58, with a max pain price—the point at which the largest number of option buyers would lose their premium—of $80,000. Additionally, Ethereum options worth $630 million will expire at the same time. These have a put/call ratio of 0.39 and a max pain price of $2,300.